Rs 58,415 crore order book: This multibagger engineering & construction company bags new order worth Rs 2,995 crore
The stock gave multibagger returns of 156.5 per cent from its 52-week low of Rs 553.25 per share.
Kalpataru Projects International Limited (KPIL), one of the largest Engineering & Construction companies listed in India along with its Joint Ventures (JVs) and international subsidiaries have secured new orders/notification of awards of Rs 2,995 crore.
The details of the aforesaid new orders are as follows:
- Orders in the Transmission & Distribution (T&D) business in overseas markets.
- EPC Order in the Water business in JV.
- B&F orders in India.
Recently, KPIL secured a significant amount of new business totalling Rs 2,333 crore. These new contracts span several sectors, including transmission and distribution projects in both India and overseas markets. They also include an EPC (Engineering, Procurement, and Construction) order for an industrial plant in the metal industry and a residential building project within India. This latest win follows on the heels of their impressive acquisition of three contracts worth Rs 7,550 crore for the MGS-3 pipeline project with Saudi Aramco.
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About Kalpataru Projects International Limited (KPIL)
KPIL is one of the largest specialized EPC companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. KPIL is currently executing projects in over 30 countries and has a global footprint in 73 countries. KPIL has maintained a leadership position in all its major businesses backed by strong organisational capabilities, superior technical know-how, and adherence to best-in-class sustainability standards.
Order Book: The company’s order book stands at Rs 58,415 crore (USD 7 billion) as of March 31, 2024, an increase of 27 per cent YoY with 55 per cent with domestic orders and 45 per cent international orders. Year to date FY24, order inflow was worth Rs 30,022 crore with 52 per cent domestic orders and 48 per cent international orders.
Today, shares of KPIL plunged 2.20 per cent to Rs 1,362 per share from its previous closing of Rs 1,392.60 with an intraday high of Rs 1,419.30 and an intraday low of Rs 1,346.95. The stock also made a fresh new 52-week high is Rs 1,419.30 while its 52-week low is Rs 553.25. The company has a market cap of over Rs 22,000 crore.
In March 2024, FIIs increased their stake to 8.17 per cent compared to 7.69 per cent in December 2023. The stock gave multibagger returns of 156.5 per cent from its 52-week low of Rs 553.25 per share. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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